About JPMorgan Chase & Co. (JPM)

Company Description:

JPMorgan Chase & Co., a leading global financial services firm, provides a wide array of financial products and services to a substantial and diversified client base, including corporations, governments, financial institutions, and individuals. With a legacy dating back to 1799, the firm is known for its expertise in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

The company was founded by Aaron Burr, Alexander Hamilton, and others in 1799, evolving through over 200 years of business to become one of the largest and most prestigious banking institutions in the world, with its headquarters at 383 Madison Avenue, New York, NY.

Main Product(s):

JPMorgan Chase & Co. offers a broad range of financial services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, asset management, and treasury services.

Short History of JPMorgan Chase & Co.:

• 1799 – The firm was founded, originally as The Bank of The Manhattan Company.
• 2000 – The merger of J.P. Morgan & Co. and Chase Manhattan Corporation.
• 2004 – Acquisition of Bank One, bringing on board Jamie Dimon as CEO.
• 2008 – Acquisition of Bear Stearns and Washington Mutual, expanding its retail banking.
• 2013 – JPMorgan agreed to a $13 billion settlement with the U.S. government over mortgage-backed securities.
• 2020 – Amidst the global pandemic, the firm set aside provisions for potential loan defaults.